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The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
Location Native currency Issuing authority England Wales British Antarctic Territory Tristan da Cunha South Georgia and the South Sandwich Islands Sterling. Bank of England
Pound sterling is the official currency of the United Kingdom and its territories.
This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence in sterling in 1947.
Today's Wordle Answer for #1274 on Saturday, December 14, 2024. Today's Wordle answer on Saturday, December 14, 2024, is DROOL. How'd you do? Next: Catch up on other Wordle answers from this week.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
Atlanta Hawks' Dyson Daniels (5) defends as Milwaukee Bucks' Giannis Antetokounmpo shoots during a semifinal game in the NBA Cup basketball tournament Saturday, Dec. 14, 2024, in Las Vegas.
The good news: "The Defendant Dogs" are getting rehab and veterinary care from a contractor while in the custody of the U.S. Marshals Service, the complaint says.